A number of other analysts also recently issued reports on PBH. B. Riley reiterated a focus list rating and issued a $70.00 price target on shares of Prestige Brands Holdings in a report on Monday, June 13th. Piper Jaffray Cos. reiterated an overweight rating and issued a $60.00 price target on shares of Prestige Brands Holdings in a report on Wednesday, July 6th. Zacks Investment Research downgraded shares of Prestige Brands Holdings from a hold rating to a sell rating in a report on Wednesday, July 13th. Finally, Jefferies Group reiterated a sell rating and issued a $45.00 price target on shares of Prestige Brands Holdings in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $59.67.
Shares of Prestige Brands Holdings (NYSE:PBH) opened at 48.25 on Friday. Prestige Brands Holdings has a 52 week low of $43.63 and a 52 week high of $58.09. The firm has a market capitalization of $2.55 billion, a P/E ratio of 37.37 and a beta of 1.64. The stock has a 50 day moving average price of $47.99 and a 200 day moving average price of $52.82.
Prestige Brands Holdings (NYSE:PBH) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The firm had revenue of $209.60 million for the quarter, compared to the consensus estimate of $208.18 million. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. Analysts forecast that Prestige Brands Holdings will post $2.34 EPS for the current year.
Several institutional investors have recently modified their holdings of PBH. Invictus RG boosted its position in shares of Prestige Brands Holdings by 325.2% in the second quarter. Invictus RG now owns 1,875 shares of the company’s stock worth $104,000 after buying an additional 1,434 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Prestige Brands Holdings by 39.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,223 shares of the company’s stock worth $119,000 after buying an additional 634 shares in the last quarter. Sei Investments Co. boosted its position in Prestige Brands Holdings by 129.7% in the second quarter. Sei Investments Co. now owns 3,151 shares of the company’s stock worth $174,000 after buying an additional 1,779 shares in the last quarter. Advisor Group Inc. purchased a new position in Prestige Brands Holdings during the second quarter worth approximately $182,000. Finally, LS Investment Advisors LLC boosted its position in Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock worth $193,000 after buying an additional 1,416 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.
Prestige Brands Holdings Company Profile
Prestige Brands Holdings, Inc is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products. The Company operates through three segments: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.
Receive News & Ratings for Prestige Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.